TREND-FOLLOWING THE DXY & USDJPY
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| USDJPY as of May 28,2015 |
The information also validates our Market Call on the DXY before the fact - as of May 06 and for the USDJPY's probable direction as of May 25, 2015 - after the fact. With that said, the #DXY reflected in this chart is based on both the currency pair's "Price Action Analysis and Market Behavior, where the USDJPY have reacted real well to the strength of the USD reaching a registered high @124.28 to this writing May 28th in the Asian trading session.
The distinct advantage of being able to first choose the next probable currency pair market mover would certainly be the key component for following the interim trend thereafter. Which in this case, the USDJPY have the upper market share; although loosing value but a real trade success for the USD. Knowing the market price probability based on the Fibonacci Theory on correction and Retracement would help a lot for purposes of projected price range.
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